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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%Dec 3 3:59 PM EST

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To: Bilow who wrote (72537)8/7/1999 8:44:00 PM
From: Jeff Dryer  Read Replies (1) of 164684
 
Bilow,

Extraordinary comments you posted about Henry Blodget (the analyst at Merrill Lynch who some at SI have accused as being a pimp of the industry).

The funny thing, is that he basically presents the bear's case of declining growth, low sales per customer etc., then by using wildly high estimates of future growth, profitability &c., he shows that the current stock price might appreciate something like 12% per year.

I prefer my 12% per year investments to be in things that are less risky.

All he showed was basically that there exists some flights of the imagination that would value AMZN above its current price.


My thoughts exactly. I might add, a stock that is down more than 50% from its high and Henry Blodget is now making the case that in a best case scenario, Amazon might generate a 12% return per year for those who invest now.
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